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A company is considering whether to buy a cybersecurity training for its employees. A colleague has gathered data about the set of Fortune 500
A company is considering whether to buy a cybersecurity training for its employees. A colleague has gathered data about the set of Fortune 500 companies and they present the below regression estimate: Outcome variable: Security Breaches Cybersecurity Training Hours 0.052** Question 1: A concept that exists in the world, but that has not been represented in this model is whether the company has high-value assets that might be attractive targets for criminals. Argue, using specific language about the consequences of the omitted variable, that this omitted variable is generating a biased estimate of the true causal relationship. Emails Encrypted Constant Note: *p
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